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Employee Benefits (Tables) | 12 Months Ended
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Mar. 31, 2022
Disclosure Of Employee Benefit Plan [Abstract] |
Summary of Employee Benefits |
|  | As at March 31 |
Particulars |  | 2021 |  |  | 2022 |
Net defined benefit liability |  |  | 5,849 |  |  |  | 7,258 |
Other long term employee benefit (liability for compensated absences) |  |  | 1,630 |  |  |  | 1,828 |
Total employee benefit liabilities |  |  | 7,479 |  |  |  | 9,086 |
|  | As at March 31 |
Particulars |  | 2021 |  |  | 2022 |
Present value of unfunded obligation |  |  | 5,849 |  |  |  | 7,258 |
Total |  |  | 5,849 |  |  |  | 7,258 |
Disclosure of Reconciliation From Opening Balances to Closing Balances For Net Defined Liability and Its Components | The following table shows a reconciliation from the opening balances to the closing balances for the net defined liability and its components.
Particulars |  | Defined benefit obligation |  |  | Fair value of plan assets |  |  | Net defined benefit liability |
|  | As at March 31 |  |  | As at March 31 |  |  | As at March 31 |
|  | 2021 |  |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |  |  | 2022 |
Balance as at April 1 |  |  | 5,669 |  |  |  | 6,490 |  |  |  | (835 | ) |  |  | (641 | ) |  |  | 4,834 |  |  |  | 5,849 |
Included in profit or loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current service cost |  |  | 949 |  |  |  | 1,083 |  |  |  | — |  |  |  | — |  |  |  | 949 |  |  |  | 1,083 |
Interest cost (income) |  |  | 283 |  |  |  | 329 |  |  |  | (38 | ) |  |  | (23 | ) |  |  | 245 |  |  |  | 306 |
|  |  | 1,232 |  |  |  | 1,412 |  |  |  | (38 | ) |  |  | (23 | ) |  |  | 1,194 |  |  |  | 1,389 |
Included in other comprehensive income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Remeasurement loss (gain) : |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
-Actuarial loss (gain) arising from : |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
-financial assumptions |  |  | (158 | ) |  |  | (155 | ) |  |  | — |  |  |  | — |  |  |  | (158 | ) |  |  | (155 | )
-experience adjustment |  |  | 493 |  |  |  | 616 |  |  |  | — |  |  |  | — |  |  |  | 493 |  |  |  | 616 |
-Return on plan assets excluding interest income |  |  | — |  |  |  | — |  |  |  | (136 | ) |  |  | (35 | ) |  |  | (136 | ) |  |  | (35 | )
|  |  | 335 |  |  |  | 461 |  |  |  | (136 | ) |  |  | (35 | ) |  |  | 199 |  |  |  | 426 |
Effects of movement in foreign exchange rates |  |  | 125 |  |  |  | (231 | ) |  |  | (15 | ) |  |  | 14 |  |  |  | 110 |  |  |  | (217 | )
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contribution by employer |  |  | — |  |  |  | — |  |  |  | (2 | ) |  |  | (2 | ) |  |  | (2 | ) |  |  | (2 | )
Liquidation of plan assets* |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 229 |  |  |  | — |  |  |  | 229 |
Benefits paid |  |  | (871 | ) |  |  | (675 | ) |  |  | 385 |  |  |  | 259 |  |  |  | (486 | ) |  |  | (416 | )
Balance as at March 31 |  |  | 6,490 |  |  |  | 7,457 |  |  |  | (641 | ) |  |  | (199 | ) |  |  | 5,849 |  |  |  | 7,258 |
* Note: On March 17, 2022, the Company has surrendered its plan assets held in Ibibo. The surrender value as at the date of the event has been returned to the Company.
|  | As at March 31 |
Particulars |  | 2021 |  |  | 2022 |
Present value of defined benefit obligation |  |  | 6,490 |  |  |  | 7,457 |
Less: fair value of plan assets |  |  | (641 | ) |  |  | (199 | )
Net defined benefit liability |  |  | 5,849 |  |  |  | 7,258 |
|  | As at March 31 |
Net defined benefit liability represented by: |  | 2021 |  |  | 2022 |
MMT India |  |  | 3,996 |  |  |  | 4,650 |
Ibibo |  |  | 1,463 |  |  |  | 2,137 |
Bitla |  |  | 200 |  |  |  | 250 |
Q2T |  |  | 170 |  |  |  | 191 |
TripMoney |  |  | 20 |  |  |  | 30 |
Summary of Actuarial Assumptions | Principal actuarial assumptions are given below:
|  | As at March 31
Particulars |  | 2021 |  | 2022
Discount rate (per annum) |  | 5.40% - 6.20% |  | 5.80%-6.70%
Future salary growth (per annum) |  | 5.00% - 11.00% |  | 5.00%-11.00%
Withdrawal rate |  | 10.00% - 25.00% |  | 10.00%-25.00%
Retirement age (years) |  | 58 - 65 |  | 58-60
Summary of Sensitivity Analysis for Actuarial Assumptions | Reasonably possible changes at the reporting date to one of the relevant actuarial assumptions, holding other assumptions constant, would have affected the defined benefit obligation by the amounts shown below:
Particulars |  | For the year ended March 31, 2021 |  |  | For the year ended March 31, 2022 |
|  | Increase |  |  | Decrease |  |  | Increase |  |  |  |  | Decrease |
Discount rate (1% movement) |  |  | (257 | ) |  |  | 280 |  |  |  | (287 | ) |  |  |  |  | 312 |
Future salary growth (1% movement) |  |  | 275 |  |  |  | (260 | ) |  |  | 307 |  |  |  |  |  | (291 | )
Withdrawal rates (10% movement) |  |  | (632 | ) |  |  | 1,185 |  |  |  | (611 | ) |  |  |  |  | 1,120 |
Disclosure of Plan Assets | Plan assets comprise the following:
|  | As at March 31 |
Particulars |  | 2021 |  |  | 2022 |
Funds managed by the insurer |  |  | 100 | % |  |  | 100 | %
Summary of Expected Benefit Payments | G. Expected benefit payments for the year ending:
|  | Amount |
March 31, 2023 |  |  | 1,501 |
March 31, 2024 |  |  | 1,589 |
March 31, 2025 |  |  | 1,522 |
March 31, 2026 |  |  | 1,496 |
March 31, 2027 |  |  | 1,595 |
Thereafter |  |  | 5,985 |

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- Definition The disclosure of a sensitivity analysis for significant actuarial assumptions used to determine the present value of a defined benefit obligation. [Refer: Actuarial assumptions [member]; Defined benefit obligation, at present value] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 19 -IssueDate 2021-01-01 -Paragraph 145 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=19&code=ifrs-tx-2021-en-r&anchor=para_145&doctype=Standard -URIDate 2021-03-24 + Details
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